#1) Reason.
The market just dropped over 200 S&P points since yesterday and I only lost 12.
So my Trading has been amazing!
2) The 50 sma has only started to turn downward so it's not moving down fast which is better for a bounce trade.
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Are we oversold short term?
yes.
Have we been more oversold short term yes.
So it's not a sure thing but I will lay out my reasons why i went in for a bounce trade at down 84 on s&p.
